Euro holds above week lows ahead of ECB

2021-10-27 11:03:47 GMT (Economies.com)
Euro holds above week lows ahead of ECB

Euro rose in European trade against dollar away from weeks lows, on track for the first profit in three days before a crucial ECB meeting tomorrow, expected to offer clues on the future of monetary policy in the euro zone.

 

EUR/USD rose 0.2% to 1.1613, after closing down 0.1% yesterday, the second loss in a row, marking week lows at 1.1585 on profit-taking.

 

The dollar index fell 0.2% on Wednesday away from week highs at 94.02 against a basket of major rivals.

 

Investors  are shunning new positions ahead of major central bank meetings in Canada, Japan, and Europe. 

 

The European Central Bank is convening tomorrow to decide on policies, expected to maintain them mostly unchanged while expressing some clues on the future of monetary policy.

 
 
 
  Symbol Last Change Chg.%
1.1313
0.0042
0.3767%
1.3313
0.0003
0.0259%
Tadawul
10810.60
-60.02
0.55%
22.849
-0.196
0.851%
68.323
-4.078
5.633%
72.57
-0.87
1.18%
1794.470
9.380
0.525%
 
 
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